We need more SolSil Plants in the Mahoning Valley

[irishbobcat]

We need more SolSil Plants in the Mahoning Valley

October14, 2008

From the Marietta, Ohio Times
The proposed location of a new 150,000-square-foot, high-purity silicon production facility in Waterford Township by Solsil Inc. is great news for Janee Pugh of Waterford.
"It sounds fabulous to me; we're losing jobs faster than we can bring new ones in. We need good-paying jobs," she said.
"I also have two sons in their early 20s. One is in college, and the other works for a printing company, but they both could use a good job," Pugh added.
Solsil, a subsidiary of Globe Specialty Metals, Inc., produces silicon that is used in photovoltaic solar cells.
In August it was learned that the company is considering a 47-acre site along Wells Road in Waterford Township to build the $56 million project that would provide 350 jobs within its first three years of operation.
Since then, state and local officials have been working to make the proposed facility a reality for Ohio. On Sept. 29, Lt. Gov. Lee Fisher announced approval of a $10 million low-interest loan package by the state Development Financing Advisory Council.
"It's looking good, and the project's still not finalized, but we're getting closer," said Mike Jacoby, executive director of the Southeastern Ohio Port Authority.
"Our next step is for the state Controlling Board to sign off on the deal, but that's more of a formality," he said. "If we've made it to this stage, I don't expect any difficulties.
"After the board approval, we have to close on the deal, but it's my belief that (Solsil) has every intention of doing this project," Jacoby added.
A local tax incentive financing package is also being assembled, but has not been completed yet.
"But that process is not as time-sensitive as the state financing," Jacoby said.
He said Solsil is negotiating a 20-year lease with the Southeastern Ohio Port Authority for the manufacturing, warehouse, office and laboratory complex.
Jacoby noted that Globe Specialty Metals, headquartered in New York, is also planning to reopen a similar Solsil production facility in Niagara Falls, N.Y.
Solsil supplies silicon to manufacturers of silicon ingots, wafers and solar photovoltaic cells that are used to generate electricity from sunlight.
Globe Specialty Metals acquired 81 percent of Solsil in January. Globe is among the world's largest producers of metallurgical and chemical-grade silicon, with more than 40 years experience in silicon manufacturing.
In 2006, the company bought Globe Metallurgical Inc., headquartered in Beverly. Globe Metallurgical is the largest silicon metal manufacturer in North America and the largest specialty ferroalloy manufacturer in the U.S.
Solsil Inc. currently has its main offices and operations in a portion of the Globe Metallurgical facility in Beverly.
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